Question
The question consists of four statements numbered βI,
II, III and IVβ given below it. You have to decide that the data provided in which of the statement(s) alone is/are sufficient to answer the question. βAβ and βBβ started a business where βBβ invested Rs. 1,800 more than βAβ. βBβ invested for a time period that is 5 months less than the time period for which βAβ invested. Find the profit share of βBβ. Statement I: βAβ invested for total of 10 months and the total annual profit earned from the business was Rs. 8,800. Statement II: If βBβ had invested Rs. 600 less, then the profit share of βAβ would have been 25% more than that of βBβ while the total annual profit earned from the business was Rs. 8,800. Statement III: The ratio of investment of βAβ and βBβ is 3:5, respectively. If βBβ had invested for 3 more months, then ratio of profit shares of βAβ to that of βBβ would be 3:4. Actual annual profit earned from the business was Rs. 8,800. Statement IV: βAβ had invested Rs. 2,700 for 10 months. Profit share of βAβ was Rs. 800 more than that of βBβ.Solution
Let the investment of βAβ = Rs. βXβ Then, investment of βBβ = Rs. (X + 1800) Let the time period of investment of βAβ = βyβ months Then, time period of investment of βBβ = (y β 5) months Statement I: We have, y = 10 So, ratio of profit shares of βAβ and βBβ = (X Γ 10):{(X + 1800) Γ (10 β 5)} = 10X:(5X + 9000) But we cannot proceed any further with this and we cannot determine the profit share of βBβ. So, data in statement I alone is not sufficient to answer the question. Statement II: Reduced investment of βBβ = X + 1800 β 600 = Rs. (X + 1200) Ratio of profit shares of βAβ and βBβ respectively = (X Γ y):{(X + 1200) Γ (y β 5)} Or, Xy:{Xy + 1200y β 5X β 6000} According to the statement, Xy = 1.25 Γ (Xy + 1200y β 5X β 6000) Or, Xy = 1.25Xy + 1500y β 6.25X β 7500 Or, 0.25Xy + 1500y β 6.25X β 7500 = 0 Since this equation cannot be solved any further, we cannot determine the profit share of βBβ. So, data in statement II alone is not sufficient to answer the question. Statement III: Let the investments of βAβ and βBβ be Rs. β3xβ and Rs. β5xβ, respectively. Then, according to the statement, (3x Γ y):{5x Γ (y β 5 + 3)} = 3:4 Or, 3xy:{5x Γ (y β 2)} = 3:4 Or, 3xy:(5xy β 10x) = 3:4 Or, (3xy/3) = (5xy β 10x) Γ· 4 Or, 4xy = 5xy β 10x So, y = 10 So, ratio of actual profit shares of βAβ and βBβ = (3x Γ 10):{5x Γ (10 β 5)} = 30x:25x = 6:5 So, profit share of βBβ = 8800 Γ (5/11) = Rs. 4,000 So, data in statement III alone is sufficient to answer the question. Statement IV: Since βAβ has invested for 10 months, so time period of investment of βBβ = 10 β 5 = 5 months Investment of βBβ = 2700 + 1800 = Rs. 4,500 So, ratio of profit shares of βAβ and βBβ respectively = (2700 Γ 10):(4500 Γ 5) = 27000:22500 = 6:5 So, let the profit shares of βAβ and βBβ be Rs. 6k and Rs. 5k, respectively. We have, 6k β 5k = 800 Or, k = 800 So, profit share of βBβ = 5k = 800 Γ 5 = Rs. 4,000 So, data in statement IV alone is sufficient to answer the question. Hence, option C.
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